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Eleven Ventures

Eleven Ventures is a Sofia-based venture capital fund that invests in early-stage technology companies across Central Eastern Europe. Founded in 2012, it has deployed over $100M across more than 200 startups, focusing on sectors like fintech and healthcare.

Website
11.vc
Founded
2012
Recorded stages
Pre Seed, Seed
Focus sectors
Fintech, Healthcare, Climate
Recorded regions
Cee, Europe

Online destinations

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Official links

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Overview

Eleven Ventures is a venture capital fund founded in 2012, based in Sofia, Bulgaria, with additional offices in Athens, Greece, and Amsterdam, Netherlands. The organization focuses on supporting early-stage technology companies primarily in Central Eastern Europe. Eleven Ventures invests in early-stage technology companies across various sectors, including fintech, healthcare, future of work, climate and sustainability, and ecomtech. The fund typically invests between €250K and €1.5M in pre-seed and seed stage startups. Their investment strategy emphasizes the importance of market size, team dynamics, and their ability to contribute as investors.

Focus

The fund invests in early-stage technology companies, specifically in the pre-seed and seed stages, with initial ticket sizes ranging from €250K to €1.5M. Eleven Ventures has a particular focus on four verticals: Fintech, Healthcare, Future of Work, and Climate and Sustainability, while also considering opportunities outside these sectors.

Support

Eleven Ventures adds value to its portfolio companies through strategic guidance, access to a broad network of industry contacts, and support in scaling operations, particularly in the Central Eastern European market.

Questions

What are the investment criteria for Eleven Ventures?

Eleven Ventures focuses on early-stage technology companies in the pre-seed and seed stages, particularly in fintech, healthcare, climate, and future of work sectors. The firm looks for startups with strong market potential, innovative solutions, and capable founding teams.

How can I apply or pitch to Eleven Ventures?

Founders can pitch to Eleven Ventures through their application form available on their website. It is advisable to include a detailed business plan, market analysis, and information about the founding team in the pitch deck.

What makes Eleven Ventures different from other investors?

Eleven Ventures is distinguished by its strong focus on Central Eastern Europe and its commitment to supporting impactful sectors. The firm provides strategic guidance, operational support, and access to a broad network of industry contacts, which can be invaluable for early-stage startups.

What is the geographic scope of Eleven Ventures?

The firm primarily invests in Central and Eastern Europe, with a particular emphasis on Bulgaria, Greece, and the surrounding regions. However, they are open to exploring opportunities in other markets if they align with their investment thesis.

What is the typical fund size and check size for investments?

Eleven Ventures has a total fund size of $100 million and typically invests between €250K and €1.5M in each startup. This allows them to support companies at critical stages of their development.

What kind of post-investment involvement does Eleven Ventures have?

Post-investment, Eleven Ventures actively engages with its portfolio companies by providing strategic guidance, operational support, and facilitating connections within their extensive network. This involvement helps startups navigate challenges and scale effectively.

Check your startup’s fit

Check your startup’s fit with Eleven Ventures

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